Qualcomm acquires generative AI division of Vietnamese startup VinAI

Qualcomm has acquired the generative AI division of VinAI, an AI research company headquartered in Hanoi, for an undisclosed amount, the companies announced on Monday. The move marks Qualcomm’s continued expansion into the AI tooling sector. VinAI, which was founded by former DeepMind research scientist Hung Bui, develops a range of generative AI technologies, including computer vision algorithms and language models. “This acquisition underscores our commitment to dedicating the necessary resources to R&D that makes us the driving force behind the next wave of AI innovation,” Qualcomm SVP of Engineering Jilei Hou said in a press release. “By bringing in high-caliber talent from VinAI, we are strengthening our ability to deliver cutting-edge AI solutions that will benefit a wide range of industries and consumers.” VinAI, which Bui started in 2019, primarily focuses on AI-powered automotive products, but also conducts higher-level AI research. Backed by VinGroup, a Vietnamese conglome ... Read full article.